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Forex market reviews

28 July 2017

Media reviews

Tina Pham

Tina Pham

U.S. economic growth picks up in second quarter, wages continue to lag (news: 28/07/17)

WASHINGTON (Reuters) - The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (28/07/17)

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Talk about cryptocurrencies all over the front pages today reminiscent of the gold rush of 2011. Are we set for a repeating of history? This is the main topic of discussion in today's video, where we'll also take a look at silver.
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Cryptocurrencies

Gabriel Ojimadu

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BTCUSD: the rate has broken the 2,594 – 2,613 USD resistance

The BCTUSD rate broke through the 2,594 – 2,613 USD resistance zone overnight, rising to 2,730 USD. From 2,594, this marks a rise of 136 USD, or 5.24%. During Europe’s trading, buyers pushed up to 2,771 USD. This rise was brought about by the news that SegWit has started a new lock-in period that experts say, if 95% of the blocks (1916 out of 2016) support the SegWit change, it would “lock in” on the network, ensuring that the code would be activated on the bitcoin blockchain. This in turn, will protect bitcoin from transaction malleability, by which it’s possible for users to manipulate unconfirmed transactions, and will also, in theory, increase the network’s capacity.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (27/07/17)

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With a dovish FOMC, we see the dominant trends return to the market. In focus today are Gold, NZDJPY and USDCHN.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: growth to 67th degree likely

On Thursday the 27th of July, the euro/dollar closed down. A strengthening US dollar came on the back of profit-taking and a growth in US 10Y bond yields. The euro fell from its high of 1.1777 to 1.1650 (-127 pips). After trading closed in Europe, the rate restored to the LB (simple line with a period of 55). Now, let’s see what Friday has in store for us.
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26 July 2017

Media reviews

Tina Pham

Tina Pham

U.S. new home sales rise in June, but trend softening (news: 26/07/17)

WASHINGTON (Reuters) - New U.S. single-family home sales increased in June as purchases in the West surged to a near 10-year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that was treading water.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (26/07/17)

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With the FOMC meeting looming, we take a look at AUDUSD, GBPJPY and USDMXN
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: awaiting a breakout of 1.1618 – 1.1626

On Tuesday, trading on our currency pair closed slightly up. The daily candlestick has a bullish body of 6 pips, and a long upper shadow of 67 pips. In the first half of the day, buyers received a boost from Yves Mersch’s speech and the IFO report, which showed an increase in business activity in Germany for July. The pair hit a new one-year high thanks to a weakening of the dollar across the market and the activation of protective stop levels above 1.1685.
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